92.7 is and always has been a Class A, and was intended to be a suburban signal covering mostly Nassau County, plus adjacent areas of eastern Queens, western Suffolk and the southernmost part of The Bronx. In the 60's, as WLIR, it ran a deadly dull AOR (All Over the Road) format, and in summer 1970 launched a real rock format, evolving into the modern rock that many Long Islanders remember. That format superserved Nassau and surroundings, which allowed them to survive and (eventually) thrive despite living in the shadow of NYC stations like WNEW-FM and WPLJ, and a buttload of drama inside the station.
With all due respect to David, whoever was involved in the purchase decision was the bigger fool, in thinking that signal could ever service the Hispanic-dominant concentrations of NYC. Nassau has had a population of around 1.3-1.4 million since I was a kid there, but in 2010 only about 15% was Hispanic/Latino. Yes, some of the South Bronx, swaths of Queens, a little of Brooklyn could receive it, but a listener needed to really want to hear 92.7 in the rest of the city to put up with the splashover from 92.3 and 93.1, or have a highly selective receiver. Moving the transmitter a few miles west to North Shore Towers wasn't going to even solve that problem. In New Jersey, WOBM out of Toms River dominated, and in most of Suffolk, Connecticut stations stomped on them. Which leaves you with Nassau County, which demographically had more Jews (until very recently) than Hispanics. There was a reason 92.7 was licensed to Garden City.
Univision astronomically overpaid for a signal that was never going to work for the outcome they wanted to achieve.